Mitsubishi Heavy Industries Ltd. and Hitachi Ltd. to Establish Mitsubishi Hitachi Power Systems, Ltd. a New Company
January 28, 2014 at 04:52 pm
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Mitsubishi Heavy Industries Ltd. and Hitachi Ltd. announced that Mitsubishi Hitachi Power Systems Ltd. (MHPS), the new company to be established by the business integration centered on the thermal power generation systems of MHI and Hitachi in tandem with the launch on February 1, 2014, will launch 58 MHPS group companies (nine companies in Japan and 49 companies in other countries). Among them, four companies, including MHPS, will be newly established, and 30 companies will simultaneously undergo a change of their corporate name. MHPS will closely collaborate with each group company.
Hitachi specializes in manufacturing and marketing of electronic and industrial equipments. Net sales (including intragroup) break down by family of products and services as follows:
- social infrastructure and industrial systems (24.7%): elevators, escalators, industrial facilities, railway systems, power generation units, etc. The group also provides engineering and construction of nuclear, hydroelectric, and thermal power plants services;
- information and telecommunications products and services (20.1%): systems integration, cloud computing, software, servers, hard disks, PCs, ATMs, data communication base stations, payment terminals, etc.;
- materials and components (16.6%): semi-conductor materials, printed circuit cards, cables, copper and forged steel products, magnetic materials, organic and inorganic chemical products, etc.;
- construction equipment (10%) : hydraulic excavators, wheel loaders, mining equipment, etc.;
- automotive systems (9.4%): powertrain systems, control systems, etc.;
- electronic products (9.2%): fiber-optic components, screen tubes, testing and measurement equipment, medical equipment, equipment for manufacturing semiconductors, etc.;
- household appliances (4.7%): heating and air conditioning equipments, refrigerators, washing machines, etc.;
- other (5.3%): mainly transport, financial and logistical services.
Net sales are distributed geographically as follows: Japan (49.2%), Asia (21.3%), North America (12.7%), Europe (10.8%) and other (6%).
HITACHI, LTD. 
